LiveCentre Increases Windfall Tax on Domestic Crude and ATF Export Fee
The union government has raised the windfall tax on locally produced crude oil sales to Rs 13,300 per tonne.The revision is effective beginning on September...
Category : ECONOMY
Fiscal Deficit for April Through July is 20.5 % of Full Year Target
According to government figures released on Wednesday, India’s fiscal deficit, or the shortfall between revenue and expenditure, was 3.41 lakh crore from April to July,...
Government’s Fiscal deficit Touches 20.5% of Annual Target in April-July
Official data released on Wednesday revealed that the central government’s fiscal deficit touched 20.5 per cent of the annual target in the July 2022 quarter...
Monthly FPI Inflow Market logged 3rd highest Since Pandemic
In August, the domestic equity market reached one of the highest Foreign Portfolio investors (FPI). Since the pandemic outbreak in 2020, US federal Reserves are...
Public Sector Contributes 20% to National Income, 40% of Total Wages
A report by the domestic rating agency on Monday said the public sector contributed just 20% of national income but accounted for nearly 40% of...
India Rupee Slips to All-Time Low Record; RBI Intervenes to Aid
The Indian Rupee dropped to an all-time low against the dollar on Monday. The Federal Reserve’s restrictive stance has prolonged, promoting the RBI’s intervention. The...
RBI Forex Reserves Falling Consecutively; Reserves Falls to $564 Billion, Lowest in 22 Months
Due to the falling foreign currency assets and gold reserves, the reserves of RBI slumped by 6.68 billion. The central bank has shared the data;...
RBI’s Surplus Falls Below Rs 1 Trillion as Liquidity Shrinks
A combination of factors, including Reserve Bank of India (RBI) intervention in foreign exchange markets and strong demand for credit, contributed to a significant reduction...
Transactions in Indian retail sector up 160% in H1 of CY2022: CBRE study
Transactions in the retail sector rose by a staggering 160% year on year (Y-o-Y) in the first half of 2022 and more than 100% every...
Govt Issues Consolidated Overseas Investment Rules to Promote Ease of Doing Business
On Monday, the Ministry of Finance notified the consolidated rules for overseas investments by Indian entities to facilitate ease of doing business. The Foreign Exchange...